Redemption Record Date definition
Examples of Redemption Record Date in a sentence
For the purposes of any interest payment made in accordance with Section 7(a), (b), (c) or (d) hereof, such payment shall be made to those persons in whose names the Bonds are registered on such Regular Record Date or Redemption Record Date.
The Issuer, by an Authorized Officer of the Managing Member, shall set the Redemption Date and the Redemption Record Date and give notice thereof to the Trustee.
Payments of principal to Holders of Class A Notes shall be made in the proportion that the Aggregate Outstanding Amount of the Class A Notes registered in the name of each such Holder on such Regular Record Date or Redemption Record Date bears to the Aggregate Outstanding Amount of all Class A Notes on such Regular Record Date or Redemption Record Date.
The Noteholders shall be paid the Redemption Price by the Trustee to the extent of Available Funds on deposit in the Collection Account, and upon presentation and surrender of the Notes on behalf of the Issuer; PROVIDED, HOWEVER, that installments of principal and interest which are due on or prior to the Redemption Date shall be payable to the Noteholders registered as such on the relevant Record Dates or Redemption Record Date, as applicable, according to their terms.
For the purposes of any interest payment made in accordance with Section 7(b) or (c) hereof, such payment shall be made to those persons in whose names the Bonds are registered on such Regular Record Date or Redemption Record Date.